i can bet you today, ali, republicans have kicking themselves for not taking the deal that was on the table a year and a half ago where the president offered $3 in spending cuts for of dollar of revenue. they're not in the position for republicans to being demanding that now. democrats will make the tough decisions. president obama have said that. they understand that spending cuts do need to happen and reducing the debt and deficit is absolutely a priority for them as well as for their voters, but i think they're in a very strong position going into that to do it in a way that is fair, balanced, and in a way where the most vulnerable americans will be the ones that will be hurt the most. >> for those of you who just joined us, the house has passed the bill, the final tally is 257 in favor, 167 against. markets around the world are reacting to this. the major markets that are open are australia and south korea. australia is up about 1.9%. south korea about 1.4%. that might be a harbinger about what they're going to see. they're tallying up and doing procedural stuff. we're waiting for